Digitec Galaxus AG, which claims to be the biggest online retailer in Switzerland, is a big believer of emerging technology. It has allegedly started accepting Bitcoin and other cryptocurrencies, according to local news outlet Watson.
The publication states that Digitec Galaxus now allows customers to buy around 2.7 million products using Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Bitcoin SV (BSV), Litecoin (LTC), Binance Coin (BNB), NEO, TRON, and OmiseGo.
The news comes after the company’s software engineers built a new payment system. Transactions are now processed using a blockchain payment and cryptocurrency payment processor Coinify in conjunction with Swiss e-payment specialist Datatrans AG.
A crypto paradise
Switzerland has long been a crypto-friendly nation and is quickly becoming a new crypto hub and a haven for the tech community. The country has taken open policies toward cryptocurrency start-ups and blockchain technology.
There, crypto regulation provides decent conditions and support for…